Dorian LPG (NYSE:LPG) Lowered to "Sell" Rating by Wall Street Zen

Wall Street Zen cut shares of Dorian LPG (NYSE:LPG - Free Report) from a hold rating to a sell rating in a research report report published on Saturday.

A number of other research analysts have also issued reports on LPG. Jefferies Financial Group reiterated a "buy" rating and set a $35.00 target price on shares of Dorian LPG in a research report on Friday, January 31st. Pareto Securities raised Dorian LPG to a "buy" rating in a research note on Tuesday, February 4th.

Dorian LPG Stock Up 0.4%

Dorian LPG stock traded up $0.09 during trading hours on Friday, reaching $21.67. The stock had a trading volume of 561,552 shares, compared to its average volume of 720,689. Dorian LPG has a 52 week low of $16.66 and a 52 week high of $51.66. The company has a debt-to-equity ratio of 0.48, a current ratio of 3.97 and a quick ratio of 3.95. The company has a market cap of $927.56 million, a price-to-earnings ratio of 5.51 and a beta of 0.71. The business's 50 day moving average price is $21.32 and its 200-day moving average price is $22.90.

Dorian LPG (NYSE:LPG - Get Free Report) last issued its earnings results on Thursday, May 22nd. The shipping company reported $0.25 EPS for the quarter, beating analysts' consensus estimates of $0.17 by $0.08. The firm had revenue of $75.89 million for the quarter, compared to analyst estimates of $79.04 million. Dorian LPG had a return on equity of 15.14% and a net margin of 38.51%. Dorian LPG's revenue for the quarter was down 46.3% on a year-over-year basis. During the same quarter in the prior year, the firm earned $1.91 earnings per share. Sell-side analysts anticipate that Dorian LPG will post 2.6 EPS for the current year.

Dorian LPG Cuts Dividend

The firm also recently announced a dividend, which will be paid on Friday, May 30th. Investors of record on Monday, May 19th will be paid a dividend of $0.50 per share. This represents a yield of 13.5%. The ex-dividend date is Friday, May 16th. Dorian LPG's payout ratio is 46.30%.

Insiders Place Their Bets

In other Dorian LPG news, CEO John C. Hadjipateras acquired 12,500 shares of the company's stock in a transaction that occurred on Tuesday, April 8th. The shares were purchased at an average price of $17.75 per share, with a total value of $221,875.00. Following the completion of the acquisition, the chief executive officer now directly owns 1,824,386 shares of the company's stock, valued at approximately $32,382,851.50. The trade was a 0.69% increase in their position. The acquisition was disclosed in a filing with the SEC, which is available through this hyperlink. 13.40% of the stock is currently owned by corporate insiders.

Institutional Trading of Dorian LPG

Large investors have recently bought and sold shares of the company. Beacon Capital Management LLC lifted its position in Dorian LPG by 61.1% during the fourth quarter. Beacon Capital Management LLC now owns 1,128 shares of the shipping company's stock worth $27,000 after buying an additional 428 shares during the period. NewEdge Advisors LLC grew its stake in shares of Dorian LPG by 1,003.8% in the first quarter. NewEdge Advisors LLC now owns 1,446 shares of the shipping company's stock valued at $32,000 after buying an additional 1,315 shares in the last quarter. Heck Capital Advisors LLC acquired a new stake in Dorian LPG during the 4th quarter valued at approximately $37,000. Brooklyn Investment Group grew its stake in Dorian LPG by 2,087.8% during the 1st quarter. Brooklyn Investment Group now owns 1,969 shares of the shipping company's stock valued at $44,000 after purchasing an additional 1,879 shares in the last quarter. Finally, Quarry LP grew its stake in Dorian LPG by 155.3% during the 4th quarter. Quarry LP now owns 2,035 shares of the shipping company's stock valued at $50,000 after purchasing an additional 1,238 shares in the last quarter. Institutional investors and hedge funds own 62.50% of the company's stock.

Dorian LPG Company Profile

Dorian LPG Ltd., together with its subsidiaries, engages in the transportation of liquefied petroleum gas through its LPG tankers worldwide. It owns and operates twenty-five very large gas carriers. The company was incorporated in 2013 and is headquartered in Stamford, Connecticut.